Whether you are looking to place $10,000 or $100 million, our experience, expertise and reputation in the industry ensures that you will always receive the best possible rate on your investment, no matter the underlying market conditions.
We offer fixed income products across a wide range of issuers, yields and maturities. Our bond desk can source products from sovereign and provincial/ state issuers, municipalities, public entities, corporations and the high-yield space. Below are some of the most common types of debt we handle.
Stripped Bond/ Residuals
A stripped bond is a bond that has had its coupon payments and principal repayment stripped into two separate components and sold individually. One party will receive the principal at maturity (zero-coupon bond) and the other party will receive the fixed-interest payment over the life of the bond in the form of a stream of coupons.
The best rates for strip bonds/residuals are found in provincial and crown corporation issues.
A coupon bond is a bond that pays a predetermined interest rate (the coupon) at a specified interval, over the life of the bond. Upon the bond's maturity, the investor's principal is also returned. Coupon bonds are available over a wide range of maturities, and are generally categorized as follows:
- Short-term bonds are those that mature in three years or less
- Medium-term bonds mature between three and ten years
- Long-term bonds mature in ten years or longer
Zero Coupon Bonds
A zero coupon bond is a bond that pays no coupon, with interest accruing over the life of the bond as the price increases to its par value. As such, zero coupon bonds (or "zeroes") always trade at a discount to par and generally pay higher yields than its coupon paying counter parts.
AKA a “Muni Bond” is a bond issued by a local government or territory, generally used to fund public infrastructure construction and repair, and other projects. Through our institutional fixed income partners, we are able to source a rich inventory of municipal issues not available anywhere else. From our experience, municipal bonds are a great way for investors to gain exposure to yields above sovereign rates, with a very high degree of safety.